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Question: (Journal entries regarding a bond issue and accounting for a premium) Archambault Township authorized a bond issue for a parking garage wish an estimated cost of $4,000,000. The garage would be financed through a $2,500,000 bond issue and a $1,500,000 contribution from the General Fund. The General Fund made its contribution, and the bonds were sold for $2,700,000, which included a $200,000 premium over the face amount of the bonds. Prepare journal entries to record the budget for the parking garage, the payment and receipt of the General Fund's contribution, and the issuance of the bonds, assuming the premium remained in the Capital Projects Fund. Identify the fund(s) used to record the transactions. Also, identify alternate methods of disposing of the bond premium.
Compute each of the following variances, showing all your work. Direct materials price variance and Direct material efficiency (quantity) variance
Calculate the balance of retained earnings at the end of each year of Perry Consulting. Note that retained earnings will always equal $0 at the beginning of year 1.
bagley company has two service departments and two producing departments. square footage of space occupied by each
accounts payable 45910sales taxes payable 6855unearned service revenue 21120during january the following selected
Can you please show me the solution step by step and also included the whole calculation ; i need to understand the solution to solve another one on my own
basic flexible budgeting l.o. 2 centron inc. has the following budgeted production costs direct materials 0.40 per unit
Production and cost data for the Molding Department
Salaries of $36,000 to Abbott and $56,000 to Martin; interest at 15 percent to be allowed on beginning capital investments; balance to be divided equally. Prepare the journal entry to close the Income Summary account, using the division of netincom..
What per-member per month (PMPM) rate would be required to break even, ignoring any co-payments? What advice would you provide the primary care group?
gross margin and contribution margin eastman kodak company is a provider of imaging technology products and services to
How is the adjustment recorded? Indicate each account affected, whether the account is increased or decreased, and the amount of the increase or decrease.
What is the effect of a cash dividend on the corporation accounts? What is the primary reason for appropriating retained earnings
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